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Latin American buyers toured the US biofuels supply chain after the Global Ethanol Summit in Washington, D.C. Colombian distillery Ambiocom now imports only US corn ethanol, and the region is the second-largest export market for US ethanol.
Growing Latin American ethanol demand supports US corn grind and co-product output, a mild positive for corn and DDGS prices over time.
brownfieldagnews.comNicole HeslipOct 19, 2023After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
